Michael Jordan, considered the greatest basketball player of all time and the icon of the Chicago Bulls, the team he played for 13 seasons, could become the owner of the franchise, according to international media reports.
According to an analysis by Forbes magazine, Jordan will have to pay a whopping $4.6 billion to buy the Bulls. For the 2022-23 season, the Bulls posted $115 million in operating income, which includes interest income, taxes, depreciation and amortization.
The Bulls are currently owned by Jerry Reinsdorf, who purchased the basketball franchise in 1981 with MLB's Chicago White Sox. Reinsdorf and Jordan had some public feuds over the years, but Reinsdorf praised Jordan as the greatest player of all time.
Jordan has expressed his love for the franchise and his desire to return the team to the highest level. In June 2023, Jordan sold the Charlotte Hornets for $3 billion, reportedly making a substantial profit. His intention was to make wise business and gain economic benefits.
We will see the great legend of the Illinois team become the owner of the franchise he played for over the years and established a lot of love and admiration from the fans of said basketball organization.
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